Shikhar Insurance to issue FPO, last date to apply is Dec 07

Kathmandu November 26- Shikhar Insurance has issued 510 thousand 900 shares as Further Public Issue (FPO) for general public.

FPO will begin in 03 December and ends in December07. Share price has been priced as Rs. 100 plus Rs. 550 as share premium with total of Rs. 650 as an issuance price. Shikhar Insurance has paid up capital of Rs. 357 million 691 thousand. After the issue of FPO, its paid up capital will be Rs. 408 million 789 thousands.

NIBL capital markets limited has been appointed as issue and sales manager for the FPO. Interested shareholders can apply for the shares through the share registrar and different branches of Shikhar Insurance. ICRA Nepal has given Grade 3 for the FPO of Shikhar insurance.